Boston’s assessed property value hit a high of $164B, growing by $72.3B, or 78.4% since FY13. Part I of this five-part series provides an overview of trends in Boston over the last six years. How has economic growth and renewed interest in city living impacted Boston’s assessed property values?
Category: Special Reports
Boston’s FY20 proposed budget is released: 8 budget dynamics with potential for significant impact on the City finances and service delivery in FY20 and beyond.
Boston homeowners enjoy a very favorable property tax situation due primarily to the City’s 35% residential exemption and its shifting of the property tax burden to business property through its maximum application of classification.
Boston’s PILOT Program a success, bringing $33.6M to the City as well as a standardized program that is recognized nationally.